Search





Search





WTI

USOIL

Add to Watchlist

76.008

-1.150-1.49%

USOIL Analysis

See price trends, technical levels and fundamentals shaping the outlook for WTI.

WTI Crude Oil Price Forecast: Oil Falls Below $80 as Trump Halts Iran Strikes; Will Prices Rise?

TradingKey - As of the Asian trading session on August 3, WTI Crude Oil (USOIL) prices plunged, breaking below the $80 level with an intraday decline of more than 9%, while Brent Crude Oil (UKOIL) fell by over 8% in tandem. Last week, the oil market was supported by supply disruption risks in the Middle East. However, prices retreated under pressure at this week’s opening following Trump’s statement on Saturday regarding the suspension of new military strikes against Iran, as well as the OPEC+ announcement to continue increasing production.

TradingKeyMon, Aug 3

Oil Prices Plunge 7% as Trump Pauses Iran Strikes, Restarts Talks

TradingKey - International oil prices fell sharply during Monday's Asian trading session. U.S. President Trump announced a suspension of new military actions against Iran and the restarting of negotiations regarding the nuclear issue and the Strait of Hormuz, significantly easing market concerns over Middle East crude oil supply disruptions. Meanwhile, OPEC+ decided to continue increasing its production target for September, further intensifying downward pressure on oil prices.

TradingKeyMon, Aug 3

Oil Prices Surge as Brent Jumps Over 6% Following Houthi Tanker Attack and US-Saudi Strikes in Iraq

On July 29, Eastern Time, driven by the continuous escalation of geopolitical conflicts in the Middle East and significantly heightened risks to the global energy supply chain, international crude oil prices reversed their recent downward trend and rose once again. As events such as the Yemeni Houthi rebels' attack on Saudi tankers and joint US-Saudi strikes against pro-Iranian militias in Iraq continued to unfold, the Strait of Hormuz and the Red Sea—two critical shipping routes—faced simultaneous pressure. Rapidly mounting market concerns regarding crude oil supply disruptions led to a renewed strengthening of oil prices. As of press time, Brent crude (UKOIL) rose 6.64%, reclaiming the $90 threshold, while WTI crude (USOIL) rose 6.61% to $84.5.

TradingKeyWed, Jul 29

【US Pre-Market】Microsoft, Meta Earnings in Focus as Fed Decision Looms; Oil Surges Nearly 5%

U.S. stock index futures were mixed in pre-market trading on Wednesday ET. Market focus is centered on the Federal Reserve's July interest rate decision and after-hours earnings from Microsoft and Meta. Meanwhile, escalating tensions in the Middle East have pushed oil prices higher, and a slight uptick in Treasury yields has kept risk appetite cautious.

TradingKeyWed, Jul 29

International Oil Prices Fall for Third Day: WTI Plunges 4% Below $80 Mark as Mideast Tensions Ease

On July 28, ET, international crude oil prices fell further, marking the official entry of oil prices into a correction phase. Brent crude (UKOIL) saw losses widen to over 5%, while WTI crude (USOIL) dropped more than 4%, reflecting the market re-pricing the prospects of easing supply risks in the Middle East.

TradingKeyTue, Jul 28

【US Pre-Market】Three Major Index Futures Rise as Oil Slump Boosts Tech and Airline Stocks; AMD, Micron Up About 2%

On Monday Eastern Time, the three major U.S. stock index futures rose collectively in pre-market trading. The pause in mutual attacks between the United States and Iran over the weekend drove a significant drop in international oil prices, easing market concerns over energy inflation and further pol

TradingKeyMon, Jul 27

Global Oil Prices Fall Sharply as Brent Slumps Over 13% and WTI Drops More Than 8%

TradingKey - On July 27, international crude oil prices fell sharply, ending a previous strong rally driven by Middle East supply risks. As of the European session, Brent crude (UKOIL) fell over 13% to trade near $85.23 per barrel, while WTI crude (USOIL) declined more than 8% to around $83.08.

TradingKeyMon, Jul 27

TradingKey Wall Street Weekly Report: Inflation Data Improves, Energy Costs Pressure U.S. Stocks to End Week Lower

TradingKey - The macroeconomic landscape during the week of July 20 to July 26, 2026, was defined by a notable deceleration in inflationary pressures alongside resilient business activity.

TradingKeyMon, Jul 27

Crude Oil Price Forecast: Middle East Tensions Push Up Oil Prices, Can They Still Rise After Breaking $100?

TradingKey - Driven by the continued escalation of geopolitical tensions in the Middle East, Brent crude (UKOIL) has surpassed the $100 per barrel mark again after two months, as concerns over global oil supply security rapidly intensify. Meanwhile, expanding energy transportation risks, tightening refinery supplies, and renewed tensions between the U.S. and Iran are prompting investors to reassess the future trajectory of oil prices.

TradingKeyFri, Jul 24

US Pre-Market: Three Major Index Futures Slide, Alphabet, Tesla Tumble Post-Earnings, Oil Surges Over 4%

TradingKey - On Thursday Eastern Time, the three major U.S. stock index futures fell collectively in pre-market trading. Negative reactions following the earnings reports of Alphabet (GOOGL) and Tesla (TSLA) reignited market concerns regarding artificial intelligence capital expenditures and returns on investment; meanwhile, the escalation of the conflict between the U.S. and Iran pushed international oil prices sharply higher, as energy inflation and the risk of Federal Reserve rate hikes returned to the market focus.

TradingKeyThu, Jul 23

...

WTI

76.008

-1.150-1.49%

WTI

Overview

News&Analysis

Discussions

Technical

USOIL Analysis

WTI Crude Oil Price Forecast: Oil Falls Below $80 as Trump Halts Iran Strikes; Will Prices Rise?

Oil Prices Plunge 7% as Trump Pauses Iran Strikes, Restarts Talks

Oil Prices Surge as Brent Jumps Over 6% Following Houthi Tanker Attack and US-Saudi Strikes in Iraq

【US Pre-Market】Microsoft, Meta Earnings in Focus as Fed Decision Looms; Oil Surges Nearly 5%

International Oil Prices Fall for Third Day: WTI Plunges 4% Below $80 Mark as Mideast Tensions Ease

【US Pre-Market】Three Major Index Futures Rise as Oil Slump Boosts Tech and Airline Stocks; AMD, Micron Up About 2%

Global Oil Prices Fall Sharply as Brent Slumps Over 13% and WTI Drops More Than 8%

TradingKey Wall Street Weekly Report: Inflation Data Improves, Energy Costs Pressure U.S. Stocks to End Week Lower

Crude Oil Price Forecast: Middle East Tensions Push Up Oil Prices, Can They Still Rise After Breaking $100?

US Pre-Market: Three Major Index Futures Slide, Alphabet, Tesla Tumble Post-Earnings, Oil Surges Over 4%